Okullo, Samuel Jovan; Reynes, F.; Hofkes, M.W. - Tilburg University, Center for Economic Research - 2014
facts concerning the exploitation of exhaustible resources such as oil. Our approach introduces geological constraints into … of discount.<br/>A numerical calibration of the model to the world oil market shows that geological constraints have the … in response to higher oil prices induced by the geological constraints, most (large) producers’ production declines …
